Bitcoin Technical Analysis : BTC/USD 12 January 2021

12 January 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 12 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 12 January 2021

Pivot point : 35510

Our preference : the upside prevails as long as 35510 is support.

Alternative scenario : below 35510, expect 34567 and 34006.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 34935 and 34057).

Supports and resistances :

38629 **
38066 *
37504
36250 – Last price
35510
34567 *
34006 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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